Singularity University is an academic institution in Silicon Valley whose stated aim is to "assemble, educate and inspire a cadre of leaders who strive to understand and facilitate the development of exponentially advancing technologies and apply, focus and guide these tools to address humanity’s grand challenges." Running contemporaneously with the International Space University, Singularity University is not an accredited four-year university, but is instead intended to supplement traditional educational institutions. It offers an annual ten-week summer course intended for graduate and post-graduate students and ten day programs for senior corporate executives and senior government leaders. The first Graduate program began in June 2009, with full tuition costing US$25,000 (although a majority of the participants were provided full or partial scholarships). The inaugural 2009 class was limited to forty fellows chosen from over 1,200 applicants. Eighty graduate and postgraduate students were accepted for the graduate course beginning summer 2010 from a pool of 1,600 applicants.